debt
confidence high
sentiment neutral
materiality 0.60
Applied Materials enters $2.0B revolving credit facility, replaces $1.5B prior facility
APPLIED MATERIALS INC /DE
- New five-year $2.0B revolving credit facility, matures February 24, 2030.
- Replaces $1.5B prior facility; no outstanding amounts transferred.
- Facility can be increased to $2.5B with lender commitments.
- Borrowings bear interest at Term SOFR plus 0.50% to 1.00% based on credit ratings.
- Financial covenant: consolidated adjusted EBITDA / net interest expense ≥ 3.00x.